Cement News tagged under: Pakistan
Fauji Cement 9M net profit down 54%19 April 2017, Published under Cement NewsPakistan producer Fauji Cement Company Ltd (FCCL) reported a 54 per cent drop in net profit for the first nine months of the current fiscal to PKR1.972bn (US$18.8m). Nabeel Khursheed, analyst at Topline Securities, said gross margins were down considerably to 21 per cent due to the purchase of raw material at higher prices. “FCCL procured clinker from other cement players due to the non-functioning of its Line 2 as a result of a silo incident. The company is also running the plant on expen... |
Iraq and Pakistan discuss co-operation for cement industry13 April 2017, Published under Cement NewsIraq and Pakistan have discussed close mutual cooperation in the areas of cement, trade and commerce. While meeting Shamim Ahmed Firpo, president of the Karachi Chamber of Commerce and Industry (KCCI) on 12 April, Ambassador of Iraq in Pakistan, Dr Ali Yasin Mohammed Karim, said that some factories including 18 cement plants were available in Iraq, but they were not working properly as compared to Pakistan’s advanced industrial units and infrastructure. "As factories in Iraq need imp... |
Pakistan nine-month sales up 7% YoY12 April 2017, Published under Cement NewsCement sales in Pakistan increased by seven per cent YoY in the first nine months of the current fiscal to reach 30.304Mt, latest data from the All Pakistan Cement Manufacturers Association (APCMA) reveals. Of this total, domestic demand was up by 11 per cent but exports fell by 15 per cent. I n March 2017 alone, sales almost totalled 4Mt versus 3.583Mt in the same period a year earlier. However, exports plunged by 60 per cent during the month. A spokesperson for the APCMA said that ceme... |
Pakistan: Bestway Cement shelves plans to acquire Dewan Cement10 April 2017, Published under Cement NewsBestway Cement has announced it has shelved plans to acquire the North plant of Dewan Cement in Pakistan. “As a result of delay and uncertainty resulting from recent legal proceedings initiated in the Sindh High Court, Bestway Cement Limited has decided not to proceed with the acquisition of the north plant of Dewan Cement Ltd located at Kamilpur, near Haripur, Khyber Pakhtunkhwa,” the company said in a notice issued to the Pakistan Stock Exchange. Bestway did not cite the reason for its... |
Pakistan: capacity utilisation exceeds 100 per cent in March07 April 2017, Published under Cement NewsAccording to figures released by the All Pakistan Cement Manufacturers Association (APCMA), cement dispatches for March 2017 reached 3.9Mt, up 23 per cent YoY with the industry running at full capacity during the month, reports the Daily Times. The rise in dispatches has been entirely driven by higher domestic consumption. In the nine months of the current Pakistani fiscal year, domestic demand rose by 10.9 per cent, while exports fell by 14.8 per cent, with the result that overall dispat... |
Pakistan: Lucky Cement wins HSE Award 201704 April 2017, Published under Cement NewsLucky Cement Ltd has won a Health, Safety and Environment award in the category of “The Responsibility for Health and Safety,” at the 2017 International Environment, Health & Safety Awards Gala, held in Karachi, Pakistan. Speaking of the occasion, Amin Ganny, chief operating officer of Lucky Cement: “Lucky Cement is committed to cultivating an environment that ensures HSE is embedded at its core. By fortifying its HSE goals with the pillars of perpetual progress, the company is in pursuit... |
Pakistan sees decline in 1HFY17 cement exports to South Africa and Afghanistan03 April 2017, Published under Cement NewsPakistan cement exports revenue continued their downward trend, with most of the 14.4 per cent YoY decline in 1HFY17 (July-December) due to two markets, South Africa and Afghanistan. However, a slight consolation was continued strong demand from India which partially offset the declines witnessed in the two aforementioned markets, the country's Central Bank observed in its second quarterly report released on 31 March 2017. Cement exports to Afghanistan and African countries (mainly Sout... |
Loesche updates on DG Khan grinding orders, Pakistan03 April 2017, Published under Cement NewsLoesche has provided an update on its order to supply Pakistan producer DG Khan Cement Company with three grinding mills for its new 9000tpd clinker line in Hub in Balochistan province. The contract comprises one 654tph raw material mill for raw meal with COPE drive technology, one 445tph cement mill for OPC with a COPE drive as well as a 66tph coal mil. The raw mill, with 1050tph nominal capacity, will be the biggest raw material mill in the world, Loesche highlighted. “With this project... |
Pakistan: Gharibwal Cement to site new plant in Haripur30 March 2017, Published under Cement NewsIn an announcement to the Pakistan Stock Exchange, Gharibwal Cement has said that has been awarded a licence to prospect for limestone in Haripur district with a view to establishing a new cement plant. On 29 March Gharibwal was among 14 firms that were given permission by the government of Khyber Pakhtunkhwa to establish a new cement plants in the province. Today’s announcement indicates that Gharibwal’s new unit will be located in Haripur, just to the north of Pakistan’s capital, Islama... |
Pakistan: Khyber Pakhtunkhwa government awards new production licences28 March 2017, Published under Cement NewsThe Khyber Pakhtunkhwa government on Monday awarded 14 licences to various industrial groups based in Pakistan for the establishment of cement factories in the province. Dawn News reported that the licencees were Premier Enterprises, Maharaj Enterprises, Gharibwal Cement, Bestway Cement and CAD International. Chief guest at the special licence distribution ceremony, Chief Minister, Pervez Khattak, claimed that the initiative would bring about a US$2.5bn investment to the province and w... |